The Governor of the National Bank of Greece (NBG) and the Chairman of Alpha Bank announced today the organisational structure of the new Bank and its Group, which will result from the merger of the two Banks. As announced, the Bank and its Group will be managed by an Executive Committee of seven members of the Board of Directors. The Committee will consist of the Executive Chairman, the Governor and five Deputy Governors.

The organisational structure of the new Bank is based on three pillars:

1.Five (5) Specialised Business Units (BUs). The BUs will focus on providing integrated financial products and services to every segment of the Bank's and the Group's extended customer base in Greece and abroad. Each of the five Deputy Governors will be responsible for one of the BUs.

2.A modern Corporate Centre. The Corporate Centre will support the Executive Chairman, the Governor and the Executive Committee in running the new Bank. It will also ensure that the BUs operate in a co-ordinated and effective way.

3.Dedicated Committees. The Committees, which will be set up in the near future, will develop and monitor group-wide policies.

The organisational structure and the leadership responsibilities at the Executive Committee level will be as follows:

Mr. Constantinos Kyriakopoulos will be responsible for the Investment Banking Unit, and the Heads of the following functions will report to him:
§Investment Banking
§Brokerage
§Venture Capital
§Private Banking
§Asset Management
§Treasury

Mr. Dimitrios Mantzounis will be responsible for the Domestic Network Unit, and the Heads of the following functions will report to him:
§Domestic Regional Divisions
§Domestic Branch Network
§Technical Services
§Real Estate Management

Mr. Theodoros Pantalakis will be responsible for the Operations Unit, and the Heads of the following functions will report to him:
§Personnel
§Accounting and Financial Services
§Supervision of Domestic Affiliates
§Organisation
§IT
§Back-Office Functions
§Custodian Services
§Supplies Management

Mr. Apostolos Tamvakakis will be responsible for the International and Retail Banking Unit, and the Heads of the following functions will report to him:
§International Branch Network
§Supervision of International Affiliates
§Retail Banking (Mortgages, Consumer Credit, Credit and Debit Cards, Bankassurance, Small Business Credit)
§Deposit and Saving Products
§Alternative Channels (E-Banking, Call Centres, Telemarketing, POS)
§Marketing

Mr. Andreas Vranas will be responsible for the Corporate Banking Unit, and the Heads of the following functions will report to him:
§Large Corporates
§Shipping
§Mid-Sized Corporates
§Leasing
§Factoring
§Non-Performing Loans

The Heads of the following functions which comprise the Corporate Centre, will report directly to the Executive Chairman and the Governor:
§Legal Services
§Internal Control (Audit)
§Investor Relations
§Secretariat
§Economic Research
§Management Information Systems (MIS)
§Risk Management

In order to effectively tackle the specific task of the integration, the following Committees have been set up by the Management of the two Banks:

1.Support and Co-ordination Committee for the Integration of the two Banks, which consists of the Deputy Governor of NBG Mr. Th. Pantalakis, the Executive Director and General Manager of Alpha Bank Mr. C. Kyriakopoulos, as well as designated managers of the two Banks.

2.Personnel Committee for deciding on issues of Personnel in relation to the Integration of the two Banks, which consists of the Deputy Governor of NBG Mr. Th. Pantalakis, the Deputy General Manager of Alpha Bank Mr. D. Mantzounis, as well as designated managers of the two Banks.

3.Organisation and IT Committee for deciding on Organisation and IT issues in relation to the Integration of the two Banks. The Committee consists of the Deputy Governor of NBG Mr. Th. Pantalakis, the Deputy General Manager of Alpha Bank Mr. D. Mantzounis, as well as all designated managers of the two Banks.